International & World Report

Closing reassuring Wall Street yesterday gave a positive impetus for the Paris Stock Exchange on Tuesday. While Asian investors have been cautious, the CAC 40 chooses the path upward. The index advancing 0.97% to 3670.30 points in mid route.

The French markets are still worn by banking shares. Yesterday, the shares had already boosted the index, in response to the publication of results of stress tests on Friday. On Tuesday, they are top of the ACC: Credit Agricole takes 8.53% to 10.47 euros, BNP Paribas 5.71% at 53.91 euros, Societe Generale 8.06% to 43.21 euros and Dexia 7 02% to 3.86 euros.

Elsewhere in Europe, the increase also dominates. The London Stock Exchange ahead of 0.80% to 5394.10 points. The DAX index of the Frankfurt Stock Exchange is gaining 0.49% to 6224.60 points.

Yesterday the key index in Paris managed to keep the threshold of 3600 points despite an early meeting very hesitant.Good numbers of U.S. homes have played an especially comforting to investors.

They try to detect other signs of economic recovery through the series of statistics to be published in the U.S. this afternoon. Indices are expected consumer confidence and investors but also the index of house prices. After trading, the markets will see the unemployment figures for the month of June in France.

In addition, the Department of Ecology has announced that the number of starts of new homes in France fell 0.3% for the period April-May to June, compared to the same period a year ago, while the number of building permits recorded an increase of 25%.

Note that the side of the currency, the euro remains firmly up against the greenback.In morning trade, one euro was worth 1.3009 dollars, up 0.20%.

Publication Burst

On Tuesday, the publications will be honored at the Paris Bourse:

Danone (-3.65% to 44.63 euros) announced before market opening a current net profit in the second quarter of 848 million euros and a turnover of 4.386 billion euros. The group raised its sales target of 2010 and provides a comparable increase of at least 6% against at least 5% previously.

Altran (7.46% to 3.24 euros) has reported a turnover of the second quarter 2010 from 357.6 million euros (+2.3%).The group expects a significant improvement in the margin in the second half of 2010.

The Land of the Regions (-0.12% to 72.85 euros) published a recurring net profit increased 1.1% to 153.4 million for its first half, with rents of 264.1 million , up 1.7% at constant scope, and an occupancy rate of 94.4% pay day loan lenders. However, its net asset value, excluding financial instruments, stood at 73.20 euros per share, down from late 2009 due to the distribution of a special dividend for 2009, consisting of 3 30 euros in cash and six Beni Stabili shares, 52.5% owned subsidiary acquired in 2007

Note that M6 (-0.14%) will announce its interim results to 17 hours. Vinci (+0.29%) and Fleury Michon (stable) publish their turnover in the period after the stock market.Compagnie des Alpes (-0.72%) will announce its third quarter revenues. Meanwhile, Air France KLM (+0.69%) will release first quarter results are as LVMH (-1.26%) will release its first half results.

Sanofi repulsed Klepierre sanctioned

The U.S. biotechnology company Genzyme has rejected a buyout proposal made by Sanofi Aventis (-0.58% to 45.32 euros) according to Bloomberg.

Capgemini (-0.91% to 35.05 euros) has announced the signing of a 6-year contract between its subsidiary Capgemini UK and Royal Mail Group Limited (RMG), the British postal service, for its service management computer.

Klepierre (-4.56% to 24.67 euros), revised down slightly its 2010 targets of current cash flow and rents, the prospect of austerity plans in Europe have slowed the recovery of consumption.The land has produced a net current cash flow per share down 1.7% to 0.99 euro in the first half.

ICADE (0.56% to 73.47 euros) on Monday announced a net profit in the first half more than eight times while its net current cash flow per share, affected by the low profitability of its development division, declined 21%. Icade should propose a special dividend payment of at least four euros in the second half, tied to sales of homes.

April Group (-2.83% to 19.77 euros), saw the decline in sales accelerated to 12.9% in the first half.This is explained by the group with a focus on its brokerage business, which should result in a decrease of 25% of the insurance business in 2010.

Finally, Technicolor (2.96% to 4.18 euros) received a firm offer from the private equity fund Francisco Partners for the acquisition of the "broadcast professional" Grass Valley.

Some cheap term life insurance policies may look cheap, but what matters the most is that you must get it.Getting a cheap term policy is not an easy task.

Asian stock markets resumed colors, except Tokyo. After being closed due to "Marine Day", the Japanese stock market should be the only Asian to be closed down on Tuesday. Around 6:40, the Nikkei, penalized by a yen flirting with a higher reaches seven weeks ago, lost 0.54% to 9357.91 points, with investors disappointed by recent publications by other companies in the U.S. .

In contrast, financial markets have taken over other areas of color: the Stock Exchange of Hong Kong gained 1.41% to 20,374.45 points, the Shanghai Stock Exchange ahead of 1.45% to 2631.88 points, the Taiwan Stock Exchange rose 0.87% to 7716.20 points, the Sydney Stock Exchange climbed 1.28% to 4414.10 points.

The increases are limited to Singapore, where The Straits Times Index posted a gain of 0.17% to 2950.45 points. In India, the Bombay Stock Exchange grants itself an increase of 0.36%.Finally, the South Korea Stock Exchange gained 0.35% to 3636.64 points.

Japan: export values penalized

Asian stocks benefit and speculation about a possible tightening of controls against China's housing loans freecreditscore. According to the Shanghai Securities News, the country wants to ensure that financial institutions will meet in the second half of the restrictions on home loans.

On the face values, the values penalizes strong yen Japanese exporters like Sony, which lost 2.57% to 2342 yen or Toyota was down 1.75% to 3080 yen.Conversely, companies such as CNOOC and China Resources Land rose 3.56%, respectively 16.26 Hong Kong dollars and 2.42% to 12.66 Hong Kong dollars.

Crude prices were higher on Tuesday in electronic trading in Asia in the wake of a modest increase registered the previous day in New York, dealers said.

In morning trading, a barrel of light sweet crude for August delivery took 24 cents to 76.78 dollars a barrel, while Brent North Sea crude for September delivery took 29 cents to 75.91 dollars .

The U.S. economy has begun to destroy jobs, after five months of net creation. In June, the number of job losses in the U.S. totaled 125,000 jobs including in the public, according to figures from the Labor Department. The figure was pulled down by the public sector, the end of the census causing the departure of 225,000 temporary workers hired for the occasion.

More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000.

This increase is due to "modest increases in various industries." The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000).The construction sector has meanwhile also destroys jobs (22,000), hit by a decline in new construction.

Despite the destruction of jobs, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in June The Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work.

Nicolas Sarkozy delivering a public and unambiguous support his Minister of Labour. On Saturday, the president said he had "absolutely nothing wrong with Eric Woerth. "You can not blame him, it is an excellent minister," it was said at the Elysee. The previous evening, Eric Woerth had assured that he had "given no instructions to the tax authorities of any nature whatsoever not to engage in transactions of fiscal control in the case Bettencourt, suspected of tax evasion.

Three new revelations raise yet the question of the role of authorities in the case Bettencourt they were aware of alleged tax evasion of billionaire? If yes, what services were? Have they closed their eyes?

According to the weekly Marianne, the court was aware since 2008 of the possible tax evasion billionaire but failed to alert the tax authorities and has not triggered the investigation into the case. In support of these assertions, Marianne published in its Saturday edition of extracts from documents in the preliminary inquiry by the prosecutor in Nanterre, on the complaint of the daughter of Liliane Bettencourt cons photographer François-Marie Banier.

One of these pieces is a letter from François-Marie Banier to billionaire, dated May 19, 2005, where the artist makes reference to Arros Island, Seychelles. An island that he told him he "has to buy.But the tax on capital 2007 Lilliane Bettencourt, including Marianne also publishes an extract, made no mention of this island. But "the judiciary chose to close his eyes," says the weekly, indicating that the prosecution was under the legal obligation on the basis of these elements, "seize the treasury that it is launching an investigation" .

"Nothing has been hidden"

Contradicting these findings, the prosecutor Philippe Courroye said Friday that "tax administration was warned Jan. 9, 2009 that this issue was likely to highlight elements of tax evasion." "The administration is aware of all the evidence.Nothing has been overlooked, "said the prosecutor, adding that the prosecution could not decide alone to grab a result of tax evasion.

According to the website bakchich.info, Bercy could anyway not ignore the "chow" tax between the photographer and heiress. Indeed, says the site, the department has recovered in 2008 a list of 500 French tax evaders in Liechtenstein, including Francois-Marie Banier. The case of the latter was even transferred, according Bribe, to the National Audit tax situations (DNVSF), responsible for the peel. Two years later, there would always be.

A tax adjustment for Francois-Marie Banier

Labour Minister, Eric Woerth, has responded to this information have launched Friday by announcing in 2009, when he was Minister of Budget, fiscal control of the artist Francois-Marie Banier."There was a notice of recovery, accepted and resolved," said his lawyer Temime. "It is unrelated assets abroad or with the proceedings" on donations made by Ms. Bettencourt Francois-Marie Banier.

Asked on Friday on France Inter, Economy Minister Christine Lagarde said she was "very surprised" that the billionaire is not the subject of tax examinations regularly every three or four years, "as in the case for all very large estates.

On Saturday, the modem has meanwhile said it was "very difficult to drive an issue like pensions while being the subject of everyday revelations." Francois Bayrou who was speaking at a press briefing in the House, insisted: 'The French clearly see that there is a concern.There is a weakening of the government and all those who, in his name, driving a number of reforms. "

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Atypical in French capitalism, Jacques de Chateauvieux is embarking on an unprecedented operation to a contractor of the Hexagon: IPO for a Chinese company on the Shanghai market. It includes a case rate the shipyards Sinopacific Shipbuilding, a small empire that makes $ 1.8 billion in sales and whose Jaccar, the personal holding company of Jacques de Chateauvieux holds 23.5% stake.

The public offerings of the company is in the pipeline since 2007 but it met with halting introductions imposed by Chinese authorities in the wake of the global financial crisis. Today, markets are reopened. And according to our information, Sinopacific just dropped his record updated in light of its 2009 accounts, the office of Constable of the Shanghai Stock Exchange.Objective: To be listed this year 2010.

Specifically, the transaction, advised by the Chinese bank Citic, will consist of a capital increase of around 15% to 18% of the capital. It would show a valuation of about $ 1.5 billion. Not bad for a company born in 2003, only the combination of Jacques de Chateauvieux and Simon Liang, a Chinese married to a French speaking, who was educated in France and the United States. The two men met when first proposed to sell in the supermarkets of the second Vietnamese – sold for an activity – the firs … plastic.

53 boats in one year

In 2003, the two entrepreneurs are going into the adventure by buying a naval shipyard privatization in Zhejiang province, then by taking another auction facility, in bankruptcy, in Jiangsu.The addition of the two sites account for the time employees and 1 500 pound … 3 boats a year. Eight years later, Sinopacific advanced to fifth place in the Chinese shipbuilding private and delivers two types of products: large commercial vessels, including bulk shipping, and smaller specialized boats in the offshore (gas, bitumen , …). 53 buildings are out of his workshops last year.

The explosive growth of Sinopia due to several factors. It is obviously correlated with that of China. Shareholders Sinopia also significantly expanded its capabilities.

Finally, Chinese shipyards have found a regular customer to the other great asset of Jacques de Chateauvieux, the Bourbon Group, which owns a quarter Jaccar capital. The world's leading specialist marine services, especially the oil companies, is leading a fleet of 369 ships.Last year, it accounted for a quarter of the order book Sinopia.

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The French market for private pools should start rising this year after two years of decline due to economic crisis, said Thursday the Federation of Professionals in the Pool (FPP).

"Despite a very cold winter, the market is rising again and the number of private pools sold in 2010, as turnover is expected to increase by 10% to 15% compared to last year, has said Jacques Braun, director of the PPF, at a press conference. For Mr.Braun "the pool market, linked to the curve of household confidence, is structurally supported by the carrier for leisure culture and the willingness of households to improve their real estate."

Doubling in 10 years

The market downturn, thanks to a sunny summer of 2009, took place in the third quarter of last year (plus 7% sales pools) before leaving in the fourth quarter (plus 38%) after starting very dull year (26.5% less in the first quarter, less than 8.5% in the second) No payday advance teletrek.In 2009, turnover has decreased by 10%, however, to one billion euros, against 1.1 billion in 2008 and 1.4 billion in 2007.

The number of private swimming pools more than doubled in 10 years, from 708,000 in 2000 to 1,465,840 in late 2009 (including 559,000 above ground) at the point of making France the second largest market behind the United States. Aware of the challenges of sustainable development, the PPF is currently developing a software that can calculate carbon dioxide equivalents (CO2) from the operation of pools, depending on different parameters of size or equipment. Thus the operation of a pool of eight yards on four represents an average of 200 kilos of CO2 per year, or no more than a round-trip Paris-Lyon by car, according to calculations by the PPF.

The sale of Lutetia is accurate. Reportedly, Alrov, a property development company Israel is in exclusive talks with Starwood Capital, the current owner of the palace in Paris. Alrov wants to redeem the walls and goodwill, while retaining management of the Concorde Hotel Group, a subsidiary of Starwood Capital. Alrov is head of several luxury hotels including The David Citadel Hotel and The Mamilla Hotel in Jerusalem. But nothing is signed yet complicated in this sale cash advance payday loan . Indeed, one buyer said, Sheikh al-Jaber, said to have priority following an exclusive agreement with Starwood Capital Group for the Concorde. A trial is underway in this regard. Al-Jaber and Starwood Capital, however, could reach a settlement before trial, expected in April.

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By staying close to four hours this morning at the Salon de l'Agriculture in Paris, Nicolas Sarkozy has tried to erase the minds that it does not come to inaugurate the event on Saturday. A tour which began at 8 am 30 and held in two parts of two hours each. Initially, the Head of State met the cattle exhibitors in Hall 1, then those of the crop of Hall 2 in a general rush but channeled. A friendly atmosphere, where the applause and encouragement have predominated, but without any measure with the ovation the day reserved for Jacques Chirac. A few hisses were heard but no more, on the stairs connecting the two lobbies.

Then, the president has organized and is a first, a roundtable with all unions representing farm.And just FNSEA, the majority union in which a delegation had been received yet at the Elysee Palace on Wednesday. "This is a first, previously only FNSEA attended this kind of round table across the national council of agriculture," Henin said Frederick, who follows the industry for over ten years for the publication Net farm land.

800 million in soft loans

It was during this interview, which was attended also by representatives of agribusiness, insurance and banks, totaling about twenty representatives, the president has announced measures to help the industry out crisis. "I will do for the French and European agriculture that we have done to save the funds, has hammered Nicolas Sarkozy. I will not give an inch. "However, he made a cross on the methods of the past to support the agricultural sector."There are ways that you borrowed last twenty years, those exchanges of price subsidies cons, we can not borrow more now," he said. For ten years later, he must repay. The Head of State was referring to 500 million euros of aid from Brussels retoqu?es this summer and fruit growers are expected to repay. "The solutions we have selected to ensure price breeders are legal. In addition to plan emergency aid announced four months ago to Poligny in the Jura, Nicolas Sarkozy has put on the table over 850 million.

In detail, this breaks down as follows: 800 million for subsidized loans, which now reach 1.8 billion euros, against 1.5 billion originally projected in the plan Poligny. "All loan applications will be present and honored," said the tenant of the Elysee.They are also 50 million more who will go to farmers under the FCC (relief fund expenses). They serve to alleviate the financial costs of borrowing old. Moreover, the decree to allow the exemption of all charges employers for employers of seasonal fruits and vegetables, appear at the end of the month. A measure of 170 million already announced in the Jura, which should give a better competitiveness in the sector, with a decline of two-euro cost of the hourly labor progress.

"A new method of environmental measures"

Also on the environmental front, the President said that farmers had already done much. "I believe in sustainable agriculture, yet it need to change.I asked Bruno Le Maire and Jean-Louis Borloo to hold next week a first working group around a new method of analysis of environmental measures in agriculture, "he said. This working group is working on three areas: an analysis of what is happening with our European neighbors, a study of the economic and social impact on patterns and quantification of benefit to society. The President recalled that farmers across the prairies, it possible to store CO2. Interest so as to avoid wastage of the agricultural land disappearing at a rate of one department every ten years. A 10% tax will apply to all sales of these lands as they become farmland.

Finally, in the debate on the future of the CAP, which must be reviewed before 2013, Nicolas Sarkozy said he was prepared to reduce the budget by more than 50 billion euros on condition that farmers live with decent prices and we apply the Community preference.

With the announcement of these measures were mixed unions, most tanks are those of the Confederation Paysanne. "These are interesting and go in the right direction. But they are not sufficient, he should go to the social VAT to make agriculture more competitive French, "said Francis Lucas President of the Rural Coordination. FNSEA has in turn welcomed the easing of environmental benefits."Without denying the objectives of sustainable development, we can not ask for more investment in heavier farmers if there is no remunerative prices and incomes, reacted Jean-Michel Lemetayer, president of the FNSEA. Agriculture should not be steel or textiles of tomorrow, "he added.

Around 12:30, the President closed the debate by promising to review the parties present three times a year to make a point with their monitoring of current files. "I was happy to be with you," he said in the twenty participants.

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Michel Barnier has arrived in London earlier this week, a white flag in hand. The new European Commissioner for Internal Market had to reassure the financial capital of Europe. Firstly because he is French, therefore, suspected to be a regulator born. Secondly, because his appointment had been made by Paris as a victory over the English.

In twenty-four hours, Michel Barnier has met Prime Minister Gordon Brown, Chancellor Alistair Darling, the president of the Bank of England, Mervyn King. And the lords of the City, big bankers and hedge funds, investment funds so maligned for their role in the crisis.The Commissioner also gave an interview to the influential Financial Times.

"I'm not horrible, but I'm not a nice cat (" I'm not horrible, but I am not a pussycat either "in the original English version)," slipped the European Commissioner for British journalists . Beyond the formula, the French assured the City that he wanted "to be a commissioner for a more unified market, not less." But "the market must serve the economy, not vice versa," he said in his speech to leaders of the City.

The visit of Michel Barnier occurs after the Commission issued a proposal for a hedge fund sector (Directive on alternative investment funds, known MWIA) payday loans ."Investment funds are an important part of the financial system," he said, representing over 50% of daily trade in the market share. "It is vital that they are subject to regulation and adequate supervision," he added.

"Red lines"

According to the Financial Times, the leaders of investment funds have emerged reassured of their encounter with "Frenchy." "They appreciated the Commissioner's apparent willingness to try to understand their concerns," reported the Economic Daily. Adding that the City leaders have warned that British negotiators should be careful to protect certain "red lines" that Brussels should not be crossed.

Starting with the authorization could be given to non-European funds to come and sell their services within the EU."Have European funds to meet the high standards of transparency, without requiring the same from those located outside the EU would not be appropriate," Michel Barnier acknowledged. Funding fear ultimately, the Financial Times that the principle of market liberalization, to which they belong, or poorly implemented.

In a large show held at the Carrousel du Louvre in Paris, Guillaume Pepy, the SNCF President, presented the major innovations that the railway was completed or tested in 2009, and especially those which it has proceed in the years to come. Some of them concern the heavy infrastructure such as Highway Railway Luxembourg-Perpignan, whose rate of rotation has been doubled to four daily return. Also programmed a line Bayonne-Lille and medium-term line of Great Britain to Italy through France.

The key innovations, however, concerns the field of multimedia.And such service "station line", available on 3G phone, which lists 600 stations to allow users to know the times of departure and arrival of trains, the number of platforms, location or price of the car … In 2010, SNCF will launch a radio, a little image of FM Highway, we will receive on his mobile phone or Internet. With a team of 30 journalists, all 15 minutes will flash information on traffic conditions and disturbances. Between the flashes, there is provided a musical thread, who wants very heterogeneous because it will "attract a clientele that ranges from 7 to 77 years.

Tariff Schedule

On the website "Voyages SNCF, a tariff schedule will allow customers to better understand and especially to see ticket prices depending on the train. A first version for small prize will be available in first quarter 2010.After the air is the railway, through the barcode and card flyer, opening gradually to the e-ticket, thereby avoiding the printed ticket. Tested over 14 destinations in 2009, this service will be extended in 2010 to all France, and international relations with Luxembourg, Switzerland and Germany.

Finally, the SNCF will use the experience of Thalys on Internet connection and gradually equip the 52 TGV Est network. Thus, passengers traveling to Metz, Nancy and Strasbourg can surf the Internet while traveling. An investment whose cost is 500,000 euros per ream.

In the field of health, SNCF began to equip the trains of the TGV defibrillators. Since last summer, 150 stations have been equipped. It's now the turn of the TGV trains to the East and Switzerland. Eventually, the entire network will be equipped.An investment of 10 million euros for 2,000 defibrillators.